even the term the fiscal cliff may be an overstatement. it makes it sound like we are going to go into a depression. taxes will go up, cuts and spending will happen, but politicians need to have high drama to get anything done. >> they certainly created it, as has the media. the bottom line is something will happen after the first of the year if no action is taken, meaning more taxes for people and more cut, so, there is something to be said for that. >> that and the mayan calendar. that said, let's take a look at something that is real, and that is the storm with elizabeth! >>> the storm moving over the bay area should be tapering off by later on this afternoon and evening. right now we have pockets of light, moderate and heavier cells moving in. you can track it all with our exclusive high def doppler. we have a portion of flooding over the great highway in san francisco. you can see why. the heavier bands moving over the bay area is heavier this morning than yesterday. by this afternoon and into this evening everything will dry out. it